<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>3
<FILENAME>y91566exv11.txt
<DESCRIPTION>COMPUTATION OF EARNINGS PER SHARE
<TEXT>
<PAGE>


                                                                      EXHIBIT 11

          SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
                        COMPUTATION OF EARNINGS PER SHARE
                  NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002

2003

<TABLE>
<CAPTION>
                                                       Income       Shares     Per Share
(in thousands, except per share amounts)             (Numerator) (Denominator)   Amount
--------------------------------------------------   ----------   ----------   ----------
<S>                                                  <C>         <C>           <C>
Basic EPS:
Net income available to common stockholders          $   42,503       26,067         1.63
Effect of dilutive securities:
Restricted stock                                              -          878
8.75% convertible subordinated debentures                    55          177
Stock options                                                 -          313
Deferred shares                                               -          120
                                                     ----------   ----------   ----------
Diluted EPS:
Income available to common stockholders              $
  and assumed conversions                                42,558       27,555         1.54
                                                     ==========   ==========   ==========
</TABLE>

2002

<TABLE>
<CAPTION>
                                                     Income (Less)     Shares       Per Share
(in thousands, except per share amounts)              (Numerator)   (Denominator)     Amount
--------------------------------------------------    ----------     ----------     ----------
<S>                                                  <C>            <C>             <C>
Basic EPS:
Net income from continuing operations                 $   29,779          25,173           1.18
Net (loss) from discontinued operations                     (122)         25,173              -
                                                      ----------                     ----------
Net income available to common stockholders           $   29,657          25,173           1.18
                                                      ==========      ==========     ==========
Effect of dilutive securities:
Restricted stock                                               -             798
8.75% convertible subordinated debentures                    125             422
Stock options                                                  -             385
Deferred shares                                                -              95
                                                      ----------      ----------     ----------
Diluted EPS:
Income from continuing operations                     $   29,904          26,873     $     1.11
Net (loss) from discontinued operations                     (122)         26,873              -
                                                      ----------                     ----------
Income available to common stockholders
  and assumed conversions                             $   29,782          26,873     $     1.11
                                                      ==========      ==========     ==========
</TABLE>

                                       26
<PAGE>

                                                                      EXHIBIT 11

          SELECTIVE INSURANCE GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
                        COMPUTATION OF EARNINGS PER SHARE
                    QUARTER ENDED SEPTEMBER 30, 2003 AND 2002

2003

<TABLE>
<CAPTION>
                                                        Income      Shares     Per Share
(in thousands, except per share amounts)             (Numerator) (Denominator)  Amount
--------------------------------------------------   ----------   ----------   ----------
<S>                                                  <C>          <C>          <C>
Basic EPS:
Net income available to common stockholders          $   14,717       26,179         0.56
Effect of dilutive securities:
Restricted stock                                              -          893
8.75% convertible subordinated debentures                    18          171
Stock options                                                 -          360
Deferred shares                                               -          120
                                                     ----------   ----------   ----------
Diluted EPS:
Income available to common stockholders              $
  and assumed conversions                                14,735       27,723         0.53
                                                     ==========   ==========   ==========
</TABLE>

2002

<TABLE>
<CAPTION>
                                                        Income      Shares     Per Share
(in thousands, except per share amounts)             (Numerator) (Denominator)  Amount
--------------------------------------------------   ----------   ----------   ----------
<S>                                                  <C>          <C>          <C>
Basic EPS:
Net income available to common stockholders          $   11,112       25,558   $     0.43
Effect of dilutive securities:
Restricted stock                                              -          790
8.75% convertible subordinated debentures                    20          218
Stock options                                                 -          310
Deferred shares                                               -          121
                                                     ----------   ----------   ----------
Diluted EPS:
Income available to common stockholders
  and assumed conversions                            $   11,132       26,997   $     0.41
                                                     ==========   ==========   ==========
</TABLE>

                                       27

</TEXT>
</DOCUMENT>
